when Bitcoin reaches an all-time high of $ 800 to $ 20,000. This sharp increase in Bitcoin motivated many other cryptocurrency to come into existence that we can see today, also directing the attention of many investors and traders to enter the world of cryptocurrency. So gave birth to many Crypto Exchanges.
Problems with Today's Exchange
To understand this we must understand the types of crypto exchanges that exist in the world today are of two types:
- Centralized Exchange
- Exchange decentralization
Centralized Exchange
These are people where traders must do KYC (Know Your Customer) to withdraw your funds from exchanges or customers are bound to do KYC to utilize one or other facilities provided by the exchange.
Exchange decentralization
As the name suggests, this exchange does not require customers to do KYC, at the same time other facilities provided by this exchange are also very limited.
The above describes technical exchanges. Now let's see how to describe exchanges in a professional manner
Professionally, each exchange can be marked in one of two categories:
- Big Players
- The Challengers
Big Players
This is an exchange that trusts customers as Kings or Queens and always listens to them and tries to find out the problems they have at the best level. One can trust these excahnges to a certain extent.
However, if we talk about transparency & security, we will think many times before investing their hard-earned money into any exchange. With transparency and security I mean:
Are they real companies?
Are they arranged?
Do they have a plan to support FIAT?
Do they have a bank account?
Where are they based?
Is their platform really safe?
Is there insurance for our money in the event that the exchange is hacked?
Can we talk to someone in live chat?
Can we call them in an emergency? .. etc
Cryptonity Token
The exchange will release its own token with the name Cryptonity Token and the exchange is planning to prepare its own blockchain in the near future.
The total allocation of the token will be 100 Million and it will remain fixed and the price of the token will depend upon its utility which is a good thing compare those who decrease the coin numbers by burning them in order to gain popularity among the community.
The allocation of the token will be as follows:
Roadmap
More Information :
Website: https://tokensale.cryptonity.io/en
Whitepaper: https://tokensale.cryptonity.io/storage/Whitepaper_EN.pdf
Twitter: https://twitter.com/CryptonityEX
Telegram: https://t.me/CryptonityExchange
Linkedin :https://www.linkedin.com/company/cryptonity-ltd/
Reddit: https://reddit.com/u/cryptonity_exchange
Discord: https://discord.gg/BGAFDa5